We perform a theoretical investigation about the valley dynamics of interlayer excitons (IXs) in $\mathrm{Mo}{\mathrm{S}}_{2}/\mathrm{W}{\mathrm{S}}_{2}$ heterostructure with AB stacking configuration grown on ferromagnetic substrate. We find that the interlayer charge transfer process changes dramatically the IX emission as well as its valley polarization (VP). The magnetic proximity effect (MPE) exerted by ferromagnetic substrate, on the other hand, generates a zero-field valley Zeeman splitting, which suppresses the depolarization induced by electron-hole exchange interaction. Remarkably, unlike usual exciton-phonon scattering, which is harmful to the VP, the phonon-assisted intervalley scatterings between two split IX states in the different valleys foster an IX population imbalance in these states, giving rise to a giant VP. A combination of these experimentally tunable physical quantities (interlayer charge transfer rate, MPE intensity and exciton-phonon coupling strength) provides a promising tool for intriguing emerging magneto-optical emissions and their VPs. Considering a large family of layered materials, this study sheds light on the path for development of van der Waals heterostructures with detectable IX emissions and giant VP.